Sec lending trade body ISLA names replacement CEO
Andy Dyson will take over chief executive duties at securities lending trade body ISLA this summer.
The organization announced that its current head, Kevin McNulty, would be stepping down earlier this year having been at the helm since 2009.
Dyson, ISLA’s current chief operating officer, will assume the top role after ISLA’s annual conference in Vienna next month.
He joined in 2013 after working at Data Explorers (now Markit), where he ran the group’s securities lending benchmarking services.
“Andy Dyson clearly understands the challenges that our market faces,” chairman Andy Krangel said in a note to members.
“One of his first tasks in the new role will be to work with the board to fill the now vacant COO post he currently holds and in doing so, bring further experience and skills to the ISLA team.”
ISLA has around 100 members made up of pension funds, asset managers, banks and securities dealers.
It works with regulators to provide a safe and efficient framework for securities lending.
The association has contributed to several market initiatives, including the the industry-standard lending agreement, the Global Master Securities Lending Agreement (GMSLA).
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